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30/01/12
23:15
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I don't expect a cap raising. Not at these levels anyway.
At the AGM Frank and Peter were pretty adamant about preserving shareholder value.
As others on here have said a JV is the most likely path.
When I spoke to Peter a couple of weeks ago he said and I quote: "There is nothing much happening at the moment." So the quarterly is no surprise.
With the limited funds they have, ORD have been forced into a waiting game just like the rest of us holders.
The only difference is they are being paid handsomely while waiting......
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